Listed Property Performs Better Globally in Third Quarter 2007

Posted On Friday, 12 October 2007 02:00 Published by
Rate this item
(0 votes)
Listed property globally saw a 2.9% positive growth in the third quarter after a 5.6% drop in the second quarter of 2007

Amongst the major regions Asia Pacific saw a 7.3% quarterly growth, mainly due to growth performances from China, Hong Kong, Indonesia and Australia. North America, at 1% growth, was the only other major region which showed listed property growth in the third quarter, reports ResearchWorldwide.com – The Worldwide Commercial Real Estate Information Portal.

Listed property performance showed third quarter negative growth in Latin America
– 13.6%, Middle East and Africa –11.2% and Europe –8.6%.

Utilising the S&P/Citigroup BMI Property Indices provided to ResearchWorldwide.com for analyses on a regular basis, listed property companies globally at 2.9% once again outperformed global REITS at 1% growth for the third quarter of 2007.

Third quarter REIT performances saw Middle East and Africa at 9.1% outperform Asia Pacific at 4.1%. North America stayed in positive growth territory at 1.5% whilst Europe saw a –5.2% fall.

Countries which saw third quarter growth in REIT performances, in local currencies, include Australia 4%, South Africa 2.9% and United States 1.3%. Japan recorded the largest REIT performance loss at –10% for the third quarter of 2007.

Only six countries saw growth in their listed property companies’ performance in the third quarter : China 40.8%, Hong Kong 21.1%, Indonesia 18.6%, South Africa 7.2%, Australia 3.7% and United States 0.9%.

Twenty-six of the selected thirty two countries monitored via S&P/Citigroup BMI Property Indices showed losses for the third quarter 2007 compared to the previous quarter, Austria at –30.1% being the worst performer.

“ We are honoured that S&P/Citigroup has entrusted us with this valuable and continuously updated worldwide publicly listed real estate indices information for our analysis. By sharing knowledge like this responsible real estate investment can be enhanced worldwide,” says ResearchWorldwide.com.


Publisher: ResearchWorldwide.com
Source: ResearchWorldwide.com

Most Popular

Prevance Capital launches the Executive Premier Funding Solution, targeted at experienced, successful property developers and businesses in South Africa

Sep 14, 2021
Are you tired of waiting for lengthy traditional funding methods to be approved? Prevance…

Attacq sees success with high-rise development The Mix

Sep 22, 2021
Giles_Pendleton_Attacq
Waterfall’s latest high-rise residential development, The Mix Waterfall, is approaching…

Multinational companies moving into Nairobi’s new Garden City Business Park

Aug 31, 2021
Garden City Business Park in Nairobi Kenya
With its modern, flexible workspaces and landscaped courtyard areas, the newly completed,…

SAIV offers advice to property owners affected by the July 2021 unrest: You may be eligible for legislated economic relief

Sep 10, 2021
Janet_Channing
The civil unrest seen in KwaZulu-Natal and parts of Gauteng in July had a devastating…

Another record sale in Johannesburg CBD

Sep 01, 2021
Johannesburg CBD -3
Aucor Property has once again set a record with the sale of 4 mixed-use, multi tenanted…

Please publish modules in offcanvas position.